Monday , April 6 2020

ECC approves launching of Islamic Sukuk bond amounting to Rs200b


Economic Coordination Committee has approved to launch Islamic Sukuk bond amounting to 200 billion rupees for payment of circular debt.

Its meeting chaired by Finance Minister Asad Umar was held in Islamabad on Tuesday.

The bond will be issued through the consortium of Islamic banks.

The committee also approved to export additional five hundred thousand tonnes of wheat.

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